#Multifamily Masonry Service
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correamasonry · 7 months ago
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Get Impressive Multifamily Masonry Construction Service Today!
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As multifamily masonry construction in Dallas, we consider factors such as sun exposure, privacy, and traffic flow to design a layout that maximizes space usage and provides comfort. From strategically placed lighting to cozy seating choices, Correa Masonry pay attention to every detail!
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nurealtyadvisors · 11 months ago
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NuRealty Advisors Inc.: You’re Premier Choice for Multifamily Real Estate in New York
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In the bustling real estate landscape of New York, finding the perfect investment opportunity can be both challenging and rewarding. Among the myriad of options available, NuRealty Advisors Inc. stands out as a beacon of expertise and trust. Today, we explore a prime property listing that encapsulates the essence of NuRealty's commitment to excellence: a multifamily property at 53 Chase Avenue, Yonkers, NY 10703.
Property Overview:
Nestled in the heart of Yonkers, this multifamily property is a testament to the enduring charm and architectural significance that defines the region. With an asking price of $1,950,000, this eight-unit gem is a remarkable investment opportunity for those seeking a foothold in the lucrative New York real estate market.
Key Property Details:
Layout: The property features a well-designed layout, comprising one 1-bedroom unit and seven 2-bedroom units. This diverse unit mix caters to a broad spectrum of potential tenants, enhancing the property's appeal and revenue-generating potential.
Construction Type: Built with enduring quality in mind, the property boasts a sturdy masonry construction, ensuring longevity and minimal maintenance costs for prospective investors.
Number of Units: The property comprises a total of eight units, each uniquely designed to provide a comfortable and contemporary living experience.
Building Size: Spanning an impressive 10,824 square feet, the four-story building offers ample space for residents to enjoy privacy while fostering a sense of community.
Year Built: Steeped in history, this multifamily property dates back to 1915, adding a touch of character and heritage to its overall appeal. NuRealty Advisors Inc. recognizes the value of such historical significance in the New York real estate market.
Lot Size: Situated on a generously sized lot measuring 7,405 square feet, the property provides additional outdoor space for residents to enjoy, adding to the overall desirability of the investment.
Why Invest in Yonkers:
Yonkers, with its rich history and proximity to the vibrant heart of New York City, has emerged as a sought-after location for real estate investments. The city's strategic location, coupled with a robust local economy and diverse cultural offerings, makes it an attractive choice for both tenants and investors alike.
NuRealty Advisors Inc.: Your Trusted Real Estate Partner:
When it comes to navigating the complexities of the New York real estate market, NuRealty Advisors Inc. stands as your trusted partner. With a commitment to excellence, integrity, and personalized service, NuRealty goes beyond the transaction, ensuring a seamless and rewarding real estate experience for its clients.
In conclusion, the multifamily property at 53 Chase Avenue, Yonkers, NY 10703, is a prime example of the exceptional opportunities available through NuRealty Advisors Inc. As a beacon of reliability and expertise, NuRealty is poised to guide you through the intricacies of real estate investment, making your journey toward property ownership in New York a smooth and successful one.
Contact NuRealty Advisors Inc. today to explore this captivating multifamily property and unlock the doors to your next real estate investment.
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vitodragone · 2 years ago
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DRI Investing in Multifamily Complexes
Based in Bethesda, MD, Dragone Realty Investments’ apartment holdings are mostly in Prince George’s County, Maryland. In July 2018, Dragone Realty Investments (DRI) sold the 727-unit Verona at Landover Hills to Dantes Community Partners. In addition to acquiring and selling properties, DRI rehabilitates and renovates multifamily buildings with 200 or more units. DRI also manages the properties it invests in, as well as oversees all construction projects relying on its own professionals. DRI manages the properties it owns throughout Maryland through another company, Westcorp Property Management. The property management organization emphasizes thoroughly training employees, increasing profitability for investors, and providing excellent service to renters. The properties that DRI oversees are in Suitland (Verona at District Heights, Verona at Suitland, Verona at Silver Hill, and Verona at Suitland Metro), Oxon Hill (Milano), Hillcrest Heights (Verona at Naylor Metro), and Essex (Verona at Middle River). The apartment buildings offer residents studio, one, two, and three-bedroom units with various amenities through the property management company, such as 24-hour maintenance and night security. In addition to managing these properties, DRI handles all its own construction management. Leading all its construction projects in-house, DRI renovates and rehabilitates the properties and assets the firm invests in. Its renovation work includes repairing, updating, and upgrading kitchens and bathrooms. The construction arm of DRI typically repairs and upgrades the electrical wiring, plumbing, lighting, and flooring in an acquisition. When installing electrical systems, the company focuses on using fixtures that are energy efficient. The construction usually includes restoring or renovating a property’s exterior. This may involve improving the building’s masonry, facade, balconies, windows, roof, parking lot, and landscaping. Its latest project, Verona at Naylor Metro, is an example of the firm’s construction management capabilities. The company renovated the building formerly called Lynnhill Condominiums in Prince George’s County, Maryland. The company faced rehabilitating a building in serious disrepair. The masonry of the facade was deteriorating, and the interior of the building was cited for multiple safety violations, leading to its eventually being declared uninhabitable. The construction management team at DRI completely redid the facade, including replacing the rails on the patios, which were damaged, causing some balconies to be boarded up altogether. In the interior, DRI repaired the damaged emergency stairways and elevator and installed and upgraded the fire safety system. The building’s electrical system was also revamped. Finally, the team gave the apartment units an upgrade. The kitchen and bathroom countertops were replaced with granite, and the carpeted floors were upgraded to wood laminates. Upgrades to the landscaping included repaving the parking lot and installing a fence around the perimeter of the property. One of the firm’s most recent acquisitions took place in April 2019, a 404-unit multifamily apartment complex in Forestville, Maryland. The building, which would be renamed the Verona at District Heights after renovation, was built in 1963. After making the purchase, the company renovated the building’s unit interiors, in addition to revamping the pool house and adding new amenities like a barbecue area and a revamped pool house. The company also retrofitted the entrance to the property with a new secure gate system that requires renters to enter using a key fob. via WordPress https://vitodragone.wordpress.com/2023/01/12/dri-investing-in-multifamily-complexes/
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telligentmasonry · 2 years ago
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MCCH Coalition Homes Offering Solutions to Homelessness
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Since its inception, Telligent Masonry has provided quality masonry services in various projects, such as condominiums, hotels, and mixed-use developments. Telligent Masonry is also heavily involved in community initiatives and supports multiple organizations such as Montgomery County Coalition for the Homeless.
Montgomery County Coalition for the Homeless (MCCH) is mandated to address the issue of homelessness and ensure everyone has a decent, safe, and affordable place to call home. MCCH runs numerous programs, including Coalition Homes (CH), an MCCH affiliate that develops permanent supportive housing to provide help to vulnerable persons with disabilities. CH seeks to accomplish MCCH’s mission to address homelessness.
In its permanent housing initiative, CH owns and manages 186 units spread across Tahoma Park, Silver Spring, Clarksburg, Germantown, and Bethesda, which is all Montgomery County urban areas. Tenants in these permanent houses include singles and families who reside in various housing types, including single and multifamily homes, townhomes, and condominiums. With support from MCCH, Coalition Homes provide round-the-clock property management services.
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architectnews · 3 years ago
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2021 Brick in Architecture Awards Winners
2021 Brick Awards Winners, Architecture Prize News, Buildings, Architects, Entry, Submission
Brick in Architecture Awards 2021
March 7, 2022
2021 Brick in Architecture Awards Celebrate Design that Delivers
49 Winners Include Philadelphia Craftsmanship Award
Brick in Architecture Awards 2021 Winners
RESTON, Va., March, 2022 — The Brick Industry Association (BIA) has awarded the 2021 Brick in Architecture Awards, the global premier design competition featuring clay brick.
The winners include 49 projects out of 138 entries—almost double the amount over the past three years—with eight Best in Class winners featured in this video. The Best in Class, Gold, Silver and Bronze winners include projects in the United States, Australia, Canada and Mexico.
“These awards demonstrate clay brick’s infinite design versatility derived from a myriad of available colors that never fade, textures, and installation options. Brick’s natural beauty along with its unmatched durability, fire, and wind-blown debris protection, energy efficiency, and low or no maintenance are some of the qualities that make clay brick the best wall cladding available,” said Ray Leonhard, BIA’s President and CEO.
The 2021 Best in Class winners include:
Commercial – Farm Credit Services of America – West Building
photo : Tom Kessler Omaha, Nebraska Architect: Clark & Enersen Mason Contractor: Jeff MacTaggart Masonry LLC
This office building is the third addition to a corporate campus connected via skywalk, and features red, buff and pink brick in different depths of patterns.
Educational (Higher Education) – Fitts-Woolard Hall – NCSU Raleigh, North Carolina Architect: Clark Nexsen Architecture & Engineering Brick Manufacturer: Sioux City Brick (subsidiary of Glen-Gery) Brick Distributor: Custom Brick & Supply Co. Mason Contractor: Brodie Contractors Photo Credit: Mark Herboth
Throughout this four-story facility featuring traditional red and gray flashed brick, high degrees of transparency create a light-filled, vibrant academic and research environment.
Educational (K-12) – Thomas J. Waters Elementary School North Annex Chicago, Illinois Architect: Bailey Edward Design Brick Manufacturer: The Belden Brick Company Brick Distributor: Brickworks Supply LLC Mason Contractor: MPZ Masonry Photo Credit: Darris Lee Harris
This new elementary school annex in Chicago’s historic Ravenswood Gardens neighborhood features red brick that matches the original building but with a contemporary look.
Historic Renovation – City of Galveston 30th St. Water and Electric Light Station Galveston, Texas Architect: The LaBiche Architectural Group Inc. Brick Manufacturer: Acme Brick Company Mason Contractor: Marsh Waterproofing Inc. Photo Credit: Angie LaBiche
This iconic 1904 building serves as a meeting, party and wedding venue, featuring a red brick exterior that was completely tuck pointed and replaced bricks harvested from building originals.
International – Bangalley House Sydney, Australia Architect: Casey Brown Architecture Brick Manufacturer: Austral Bricks Brick Distributor: Brickworks Building Products Photo Credit: Michael Nicholson
This residence is moulded into the landscape, featuring red and white brick that was chosen for toughness and durability.
Paving & Landscaping – Capturing an Artist’s Vision: A Monumental Journey Des Moines, Iowa Architect: substance architecture Brick Manufacturer: Endicott Clay Products Company Mason Contractor: Seedorff Masonry Inc. Photo Credit: Corey Gaffer
Collaborating with a celebrated African American artist to honor Black lawyers, this 30-foot high sculpture of radical geometry features modular gray brick.
Residential – Multifamily – 40 Bleecker Street New York, New York Architect: Rawlings architects pc Brick Manufacturer: Acme Brick Company Brick Distributor: Belden Tri-State Building Materials Mason Contractor: Milestone Masonry Corp. Photo Credit: Alexander Severin
This luxury 61-apartment building in Manhattan’s NOHO district features a brick façade in custom light colors chosen for the historic neighborhood with clean and modern detail.
Residential – Single Family – Neighborhood Cottage Mountain Brook, Alabama Architect: Taylor Plosser Davis Architecture + Design Brick Manufacturer: Endicott Clay Products Company Brick Distributor: Acme Brick Company Mason Contractor: Fry Construction Inc. Photo Credit: Laurey Glenn
This new home in an older suburban neighborhood respects its Tudor revival neighbors both in material and scale, featuring Artisan brick with a reflective finish.
Craftmanship Award Recognizing an individual mason or team of masons for artful or unique brick installation – Filigree House – Residential-Single Family Category Philadelphia, Pennsylvania Architect: Moto Designshop Brick Manufacturer: General Shale Brick Distributor: Diener Brick Company Mason Contractor: Brandon Reiss Masonry Photo Credit: Halkin Mason Photography
The 2021 judges include Jason Cole, LEED® AP, BD+C – Ballinger; Robert Mercer, AIA-Chapman Sisson Architects and Robert Ramirez, AIA, NOMA – WRA Architects.
See BIA website for the list of all winners the all competition entries in the Photo Gallery at https://ift.tt/aA218UP and the full video.
August 17, 2021
BIA Opens Entries for 2021 Brick in Architecture Awards
Entries due by Nov. 1
Brick in Architecture Awards 2021 Call
Reston, Va., August 16, 2021 — The Brick Industry Association (BIA) has opened entries for the international 2021 Brick in Architecture Awards, the premier architectural design competition featuring fired-clay brick.
St. Vincent Mixed-Use Building – Austin, Texas photo : Louis Curtis
Entries are due by Nov. 1, with 50% fewer required materials for faster submission. All submissions must use clay brick as the project’s primary building material. Entrants must be either an architect or designer employed by an architectural, design-build or landscaping design firm.
“The BIA Awards celebrate brick architectural design, a historic and timeless material with infinite possibilities,” said Gavri Slasky, AIA, LEED AP, associate, Stephen B. Jacobs Group P.C., New York, New York.
Per the competition rules, eligible projects include any work of architecture completed since January 1, 2016 in which new clay brick products comprise the predominant exterior building or paving material (over 50 percent) including: face or hollow brick, building brick, thin brick, paving brick, glazed brick, structural glazed facing tile, new clay brick products in special shapes and/or a combination of these.
Bernard Zell Anshe Emet Day School Expansion – Chicago, Illinois: photographer : Steve Hall, Hall + Merrick Photographers
“The BIA Awards are an excellent opportunity to showcase the craftsmanship of our masons in realizing our designs in brick,” said Carey Jackson Yance, LEED AP, RA, principal, CANNOdesign, Philadelphia, Pennsylvania.
Debuting last year, an overall Craftsmanship Award will honor exceptionally artful installation by an individual mason or a team of masons.
“The versatility, timeless artisanship, and high-performance quality of brick blend to provide a rich and honest medium of expression that is an integral part of our practice, evident in our two Best in Class awards, the Taft Freshman Academy of 2020 and the Back of the Yards High School of 2014,” said Luis Collado and Jose Luis de la Fuente, principals, STL Architects, Chicago, Illinois.
MLK Plaza – Bronx, New York: photo : David Sundberg/Esto
Entries must be submitted online in one or more of these categories:
1. Commercial
2. Education – K-12
3. Education – Colleges & Universities (Higher Education) *
4. Residential – Single Family
5. Residential – Multi-Family
6. Paving & Landscape Projects
7. Historic Renovation**
8. International (If project is located outside of the U.S., Canada or a U.S. Territory, it must be entered in this category)
* Includes residence halls & academic/administrative buildings **This does not need to meet the 50% or more new brick requirement but must have 50% or more brick renovated on the project.
United States Land Port of Entry, New Mexico, USA Design: Richter Architects photo courtesy of BIA United States Land Port of Entry, New Mexico
Curtin University Midland Campus, Perth, Western Australia Design: Silver Thomas Hanley Architecture / Lyons Architecture photo : Dion Robeson Curtin University Midland Campus
“It celebrates a beautiful craft,” said David Richter, FAIA, principal, Richter Architects, Corpus Christi, Texas.
“Sourcing the brick for our award-winning Inglewood Residence was an immense undertaking, but one of the highlights of this projects,” said Mark Odom, Founding Principal, Mark Odom Studio, Austin, Texas. “We were honored to be awarded for these efforts.”
BIA and Zonda will co-brand an email featuring the winning projects to more than 40,000 architects and designers. All submitted projects will be posted to BIA’s online Photo Gallery.
Judged by peers, the 2021 winners will be announced in January.
Questions: Tricia Mauer: [email protected].
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Founded in 1934, BIA is the nationally recognized authority on clay brick construction representing the nation’s distributors and manufacturers of clay brick and suppliers of related products. http://www.gobrick.com /  703-620-0010.
Brick in Architecture Awards 2021 information received from BIA
Previously on e-architect:
2020 Brick in Architecture Awards
BIA 2020 Brick in Architecture Awards
St. Vincent Mixed-Use Building, Austin, Texas, USA: photograph : Louis Curtis 2020 Brick in Architecture Awards
Brick Awards
2021 Brick Awards Winners News Brick Awards 2021
2019 Brick Awards Shortlist News
The Interlock, London by Bureau de Change Architects: photograph courtesy of Brick Awards / architects
Cambridge Central Mosque by Marks Barfield Architects: photo courtesy of Brick Awards / architects
The Old Printworks, Edinburgh, by jmarchitects: photo courtesy of Brick Awards / architects
Ten Oaks Zero-Carbon house in the Chilterns: photo courtesy of Brick Awards / architects
The Old Bakery in Deptford, by Lipton Plant Architects: photo courtesy of Brick Awards / architects
Architecture
Stirling Prize
Pritzker Prize Architects
RIBA Awards
Comments / photos for the 2021 Brick in Architecture Awards page welcome
The post 2021 Brick in Architecture Awards Winners appeared first on e-architect.
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bestpaintervegas · 3 years ago
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conconow · 7 years ago
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Insulating Concrete Form (ICF) systems are being used in everything from single story buildings to 20+ story high-rises.  Common types of projects include single and multifamily residential housing, hotels, offices, educational and healthcare facilities, manufacturing and warehouse buildings and others.  
ICF construction offers several benefits including energy efficiency, diaster resiliancy, noise reduction, strength and durability, and sustainability.  In addition it is competitively priced in comparison to steel frame, wood frame, and masonry construction.  Buildings constructed with ICFs are also very fire resistant, and in multi-family housing, can help to isolate the fire to a single unit and protect both lives and property.
The system works a lot like LEGOs as it is comprised of interlocking blocks with mechanisms  that connect together.  Each block is made out of molded expanded polystyrene (EPS) insulation in a variety of sizes.  According to an article from Concrete INFOCUS, “the most common configuration of an ICF unit is made of two layers of 2-1/2 to 2-5/8 inch thick EPS spaced 4, 6, 8, 10, or 12 inches apart for most low to mid-rise buildings.”  In the case of taller buildings or when the project consists of high ceilings or large loadings, the structure requires thicker walls.  ICF blocks are identifyied by the width of the cavity and wider units include 6-inch, 8-inch and larger.  
Typically blocks are fully assembled at the manufacturing site although some blocks are folded into a flat configuration and shipped, while other manufacturers produce ICF forms that are assembled at the jobsite.   After the ICF blocks are installed, concrete is pumped into the cavity to make a strong, uniformly-thick concrete wall.  Concrete INFOCUS says the “recommended maximum aggregate size should be 1/2- inch aggregate for 4- and 6-inch cavity forms and ¾-inch aggregate for 8-inch and larger cavity forms.”
The Conco Companies are a leading supplier of concrete services for the Western U.S.  We got our start in the Bay Area in 1959 by offering clients the best value on a wide range of concrete services and products.  Since that time, we have taken a leading role as one of the top concrete contractors in the region. We have four regional offices serving California, Nevada, Washington, Oregon and Colorado.
Source: nxtbook.com/naylor/NRCQ/NRCQ0117/index.php#/20
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charlesccastill · 7 years ago
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Shepley Bulfinch Celebrates Groundbreaking of The LINK PHX
BOSTON – Shepley Bulfinch, a national architecture firm with offices in Boston, Houston and Phoenix, announced the groundbreaking of The LINK PHX, a new high-rise, mixed-use building developed by Chicago-based CA Ventures (CAV) in a joint venture with Diamond Realty Investments, Inc.
Located at Third and Pierce Streets in Phoenix, Ariz., The LINK PHX is a 30-story, 375,000 SF residential and retail building. Its groundbreaking marks the first of a three-phase project in the downtown Roosevelt Row neighborhood of Phoenix.
Shepley Bulfinch is providing planning and architectural design services for The LINK PHX, which will be one of the tallest buildings on the Phoenix skyline when complete in August 2019. The siting of the building uses desert-responsive design that utilizes daylighting and maximizes views that open to the downtown skyline, South Mountain, and North Mountain Preserve. The slender form of the building, which tapers in height, is clad in concrete masonry and metal panels with upgraded glass to reduce heat gain through windows. Local artists are creating outdoor murals on the perforated metal covering around the six garage floors of the building.
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“It’s great to work again with Shepley Bulfinch on what will be another market-defining residential community in the southern Arizona market,” said JJ Smith, principal of CA Ventures. “The LINK PHX at Third and Pierce in downtown Phoenix is designed as the first step in creating a retail and residential anchor in the Roosevelt Row Arts District. The urban aesthetic offers a distinctive skyline presence along with elements of street-level engagement and will provide much needed downtown housing while strengthening economic growth in this already vibrant neighborhood.”
The phase one, high-rise tower fortifies the neighborhood’s downtown density with 257 market rate units and 15,000 SF of street-level storefronts. The ground-level lobby greets residents and provides smart lockers for package delivery and a bike sharing program. The next six floors feature a garage with car washing stations and 250 parking spaces. On the eighth-floor, the main lobby offers mountain views from all locations, and includes a fitness center, a demonstration kitchen for visiting chefs, patios and an outdoor dog park. Apartments include a mix of studio, one-bedroom and two-bedroom floor plans, ranging in size from 450 to 1,450 SF. Each unit features floor-to-ceiling windows, in-unit laundry and gas cooking. Half of the units offer balconies. The top floor houses two luxurious, 2,000 SF penthouse units, offering two bedrooms, a den and home office space with plenty of glazed glass, high ceilings and spectacular views. Rooftop building amenities include an outdoor pool and spa, solar canopy shade, outdoor gaming area and indoor sky lounge.
“We designed the building to maximize the incredible mountain and valley landmark views that exist at this height,” stated Joseph Herzog, AIA, principal at Shepley Bulfinch. “The building will also be a landmark for the city skyline, and we are utilizing form and materials that will present a modern, forward-looking vision for downtown Phoenix.”
With three high-rise apartment buildings standing at 30 stories, 25 stories and 19 stories high, The LINK PHX complex will be a significant addition to the Phoenix skyline. Transforming a vacant lot into an active downtown hub, the project will deliver a total of 612 residential rental units, 646 parking spaces and nearly 25,000 SF of retail and mixed-use space on approximately 1.3 acres. The complex is near the University of Phoenix and the popular Roosevelt Row Arts District, a walkable, creative quarter in the urban core of downtown Phoenix.
CAV acquires, develops, redevelops and manages high-quality multifamily properties in targeted markets and university communities. To date, CAV has acquired, developed or is developing approximately $3.7 billion of multifamily assets. Shepley Bulfinch has collaborated with CAV on the design of more than one million SF of luxury residential complexes around the country.
Urban Edge Builders is the general contractor for The LINK PHX project. Austin-based DCI is providing structural engineering services.
from Boston Real Estate http://bostonrealestatetimes.com/shepley-bulfinch-celebrates-groundbreaking-of-the-link-phx/
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heartfelthotinhouston · 4 years ago
Text
Golden Ticket To The Housing Crisis!
Bill Rapp here with the Heartfelt and Hot in Houston Blog, and this is our newest segment: Golden Ticket To The Housing Crisis! Housing is in high demand in most markets across the U.S., but supply is hard to come by. Unless, of course, there is a pandemic that completely changes the real estate game, leaving once very active properties now vacant. Golden Ticket To The Housing Crisis! Developers and investors are starting to tease out those opportunities, finding healthy profit levels and, at the same time, showing how to love the environment. One developer found just that opportunity in Branson, Missouri. This small town in the middle of the country has a population that hovers around 11,000, according to the multifamily advisory group at Meyers Research, a real estate research group. There are 5,026 households in Branson, the poverty rate is 20%, and the main economic driver is hospitality, which has been negatively impacted by the pandemic. And, the housing situation is grim. At the end of June 2020, closings were only at 36% of what they were in 2019, according to Jonathan Dienhart, the director of custom services and published research at Metrostudy, a housing market information provider. Plus, total permits in the first six months of 2020 are only at 62, a far cry from the total of 216 last year. Branson has only five permits for properties with more than five units through June 2020, 9% of what the U.S. Census reported as a total in 2019. All of this leads to the perfect opportunity for Richard Rubin, the CEO at Repvblik, a development company based in Los Angeles. As a transplant from South Africa, Rubin has been focused on adaptive reuse in the U.S. since 2015. He claims to be operating the only company that converts properties to affordable housing without any government assistance. Which brings us back to Branson, Missouri, where Rubin seized an opportunity to convert a Days Inn Hotel to affordable housing. The project, called Plato’s Cave, was completed in December 2019. It was a complete conversion of 423 hotel rooms to 341 affordable multifamily units, adding much needed inventory to Branson’s housing supply. The conversion called for combining some of the hotel rooms for the right unit mix and redesigning some of the spaces to offer a full menu of amenities that now includes a gym, beach volleyball court, free-to-use bicycles, coworking spaces, board rooms, meeting rooms, and a communal kitchen and dining area for special functions. Rubin also is running magic numbers, which he says he sometimes has to dumb down to make them look believable. “When we submit to funders, we have a cap rate of 11% or 12%, but, in reality, it would be more like 12% to 13%,” Rubin says. That’s not the only magic. Reuse is not only economical; it also offers huge benefits to the environment. In 2016, the National Trust’s Research and Policy Lab published a report showing that new commercial development costs about $92 per square foot, in contrast to the $37 per square foot estimated for reuse of an existing building. The Days Inn that was converted to Plato’s Cave is a total of six buildings with 167,000 square feet (160,000 residential and 7,000 club house), and using the reports numbers, you can see the difference in the cost of this particular property. * New property at $92 per square foot: $15,364,000 * Converted property at $37 per square foot: $6,179,000 Since the Days Inn was already in place, most of the utilities and services were already connected and very little demolition was needed. These types of adaptive reuse projects ultimately reduce the amount of new building materials that are needed and therefore that are produced. This 2017 research paper on adaptive reuse says that buildings’ contributions to greenhouse gas emissions also come from the energy needed to manufacture the various parts of the buildings. Construction consumes 60% of raw materials used in the U.S. economy annually, and razing a single two-story masonry building would actually negate the benefits of recycling 1.5 million aluminum cans. The EPA estimates that waste derived from new construction, demolition and renovation accounts for 160 million tons of solid waste each year in the U.S., about one-third of the country’s total waste. Other Case Studies Eric Silverman is the managing partner at Eastham Capital and he pays particular attention to the unit mix—the number and size of the units. “We are buying a property in Maryland in an office park that is only 93 units, but the units are all two bedrooms,” Silverman said. “The property is super convenient for local jobs.” Silverman adds that hotels will always have enough amenities, but they may have too many. Years ago, he published a white paper that shows that the variety of services that a hotel provides, from food and beverages to housekeeping and 24-hour maintenance, can easily outpace the value of the income from reservations—another contribution to hotels’ demise during the pandemic. Andrew Gordon, director at Eastham Capital, says the firm is converting 103 hotel suites in Jacksonville, Florida to 103 housing units. The group saw this as an ideal property to convert because all the hotel rooms had an outdoor space that either went to a patio or balcony. Gordon said that the biggest challenge was converting the zoning from hotel use to apartments, which took nine months. And, structurally, while they decided to make the units all-inclusive with internet and utilities so the metering didn’t need to be changed, it was still critical to update the plumbing and electric. Even though some of the updates were expensive, the conversion of the project meant more affordable housing added to local supply. The new project offers an all-in unit lease for about 10% or 15% less than other apartments in the same area, Gordon said. Eastham is interested in another suites conversion in Florida, but is currently evaluating the numbers after addressing some of the challenges such as impact window issues and fire separation. Brent Schipper is the principal at ASK Studio, an architecture firm based in Des Moines, Iowa, a firm that recently converted a small local high school into 16 affordable multifamily units. The school, built in 1888 in Clinton, Iowa, is 130 years old and Schipper expects that, after the remodel, it will last at least another 100 years. ASK Studio also converted a bank into 38 units and broke it down into its energy savings. The Brenton Bank envelope and concrete structure embodies about 4.82 gigajoules per square meter. Parts of the building that were retained, such as the envelope, structure and site construction, accounted for 63% of the original embodied energy. Those elements, plus some of the retained interior walls, mean that the total salvaged embodied energy is about 70%. The amount of embodied energy saved equals 600 tons of coal or enough energy to power a single family home for 435 years. Schipper believes that this one building is important, but his firm is working to provide many more successful examples that can lead other developers down the same path. Challenges As the Eastham project exemplified, zoning can be a big challenge. Rubin also has experienced that and points out that in the markets with the biggest need for affordable housing, there is the most red tape, like in Los Angeles. “In terms of MEP and fire regulations, you are inheriting a space that is, for all intents and purposes, residential,” Rubin said. “The wall structure, windows, egress, are all part of whatever square box one is purchasing. Sometimes, you are lucky that it is built solidly and that they have the fire safety and they have sprinkling. Sometimes, it might be more like a commercial office conversion than a housing opportunity.” Meghna Krishna Bondili, the founder of real estate development consulting firm Butterfly Voyage, agrees that hotels, whether boutique or large-scale, are almost fully-baked residential offerings. She writes that hotels are designed as spaces to live in; have a service-first mindset in place; and typically, are in located in desirable areas. Rubin also points out the importance of the unit mix, that drives market tolerance and available comps, which is influenced by how many rooms or modules can be converted into one unit. For instance, if the cost of one hotel room is $40,000 and it takes two rooms to make one rentable studio, then there is a new basis of $80,000. Rubin says that hands down, capital has been the biggest challenge for Repvblik so far. “In the last five years, I have heard 10,000 nos, and that’s being conservative,” he said. “We funded almost the first 95% in cash. We couldn’t find a local lender for a construction loan for contrarian business cases like ourselves, a little off center and that have a higher return. And now, it’s easier for us to be doing certain things, because we are one of very few that have a proof of concept. Now that people are chasing yield, companies like ours become more in vogue.” Future The American Hotel and Lodging Association reports that there are more than 55,900 hotel properties in the U.S., offering more than 5.3 million guestrooms. The recent pandemic has put many of them in danger. As many as 8,000 hotels might close by the end of September, according to the American Hotel and Lodging Association. The Wall Street Journal reports an even higher number, saying that in New York alone, as many as 25,000 hotels might permanently close because of the pandemic. If groups like ASK Studio and Repvblik can convert these to housing, it might be a generous contribution to fixing the housing supply issue. If each hotel had 100 rooms, that would be somewhere around 2,500,000 units, which would give the city more than eight times Mayor Bill de Blasio’s pledge to create and preserve 300,000 affordable homes by 2026. Repvblik is now working in many of the top MSAs in the country where there is demand for workforce housing and has 10 projects in process. Rubin says that the company hopes to produce 3,000 apartments in the next 18 months; and in the next 3 to 5 years, somewhere in the range of 20,000 units solely from hotel conversions. His plan holds a lot of promise for the future of affordable housing and for the future of the planet. Golden Ticket To The Housing Crisis! The inspiration for today’s edition came from this original article: https://www.forbes.com/sites/jennifercastenson/2020/08/12/vacant-real-estate-is-the-golden-ticket-to-the-housing-crisis/ If you are seriously considering moving right now you need to take action right now and talk to a reputable Real Estate & Mortgage Broker today, please call 281-222-0433 or visit: https://www.zillow.com/lender-profile/BillRappMortgageViking https://www.blink.mortgage/app/signup/p/nexamortgageh/MortgageViking?campaign=MortgageViking http://BillRapp.joinnexa.com http://www.homesforheroes.com/affiliate/bill-rapp-1 https://www.billrapponline.com/ https://twitter.com/BillRappRE https://mortgageviking.billrapponline.com https://highcostarea.billrapponline.com https://commercial.billrapponline.com https://doctorvideo.billrapponline.com https://sba.billrapponline.com/ https://veteransvideo.billrapponline.com https://fha203h.billrapponline.com https://privatemoney.billrapponline.com https://rei-investor.billrapponline.com https://manufacturedhousing.billrapponline.com https://www.houstonrealestatebrokerage.com/ https://www.youtube.com/channel/UCsF3Rh4Akd1OAOAgTmzgqQg Read the full article
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Apartment Complex Renovation Company in Las Vegas NV - McCarran Handyman Services (702) 570-4279
More Information is at: http://www.handymanlasvegasnv.com/apartment-complex-renovations-las-vegas.html
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Need an apartment renovation company in Las Vegas NV? McCarran Handyman Services is the premier multifamily remodeling company in Las Vegas metro area. Are You Looking to Begin a Renovation Project at Your Apartment Building? Call us for apartment remodeling services, apartment renovations, apartment repairs and maintenance, apartment janitorial services and apartment moving help. Located in beautiful Las Vegas Nevada. Cost Of Apartment Complex Renovation? Free Estimates! Call Today Or Schedule Apartment Complex Renovation Online Fast!
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heartfelthotinhouston · 4 years ago
Text
Golden Ticket To The Housing Crisis!
Bill Rapp here with the Heartfelt and Hot in Houston Blog, and this is our newest segment: Golden Ticket To The Housing Crisis! Housing is in high demand in most markets across the U.S., but supply is hard to come by. Unless, of course, there is a pandemic that completely changes the real estate game, leaving once very active properties now vacant. Golden Ticket To The Housing Crisis! Developers and investors are starting to tease out those opportunities, finding healthy profit levels and, at the same time, showing how to love the environment. One developer found just that opportunity in Branson, Missouri. This small town in the middle of the country has a population that hovers around 11,000, according to the multifamily advisory group at Meyers Research, a real estate research group. There are 5,026 households in Branson, the poverty rate is 20%, and the main economic driver is hospitality, which has been negatively impacted by the pandemic. And, the housing situation is grim. At the end of June 2020, closings were only at 36% of what they were in 2019, according to Jonathan Dienhart, the director of custom services and published research at Metrostudy, a housing market information provider. Plus, total permits in the first six months of 2020 are only at 62, a far cry from the total of 216 last year. Branson has only five permits for properties with more than five units through June 2020, 9% of what the U.S. Census reported as a total in 2019. All of this leads to the perfect opportunity for Richard Rubin, the CEO at Repvblik, a development company based in Los Angeles. As a transplant from South Africa, Rubin has been focused on adaptive reuse in the U.S. since 2015. He claims to be operating the only company that converts properties to affordable housing without any government assistance. Which brings us back to Branson, Missouri, where Rubin seized an opportunity to convert a Days Inn Hotel to affordable housing. The project, called Plato’s Cave, was completed in December 2019. It was a complete conversion of 423 hotel rooms to 341 affordable multifamily units, adding much needed inventory to Branson’s housing supply. The conversion called for combining some of the hotel rooms for the right unit mix and redesigning some of the spaces to offer a full menu of amenities that now includes a gym, beach volleyball court, free-to-use bicycles, coworking spaces, board rooms, meeting rooms, and a communal kitchen and dining area for special functions. Rubin also is running magic numbers, which he says he sometimes has to dumb down to make them look believable. “When we submit to funders, we have a cap rate of 11% or 12%, but, in reality, it would be more like 12% to 13%,” Rubin says. That’s not the only magic. Reuse is not only economical; it also offers huge benefits to the environment. In 2016, the National Trust’s Research and Policy Lab published a report showing that new commercial development costs about $92 per square foot, in contrast to the $37 per square foot estimated for reuse of an existing building. The Days Inn that was converted to Plato’s Cave is a total of six buildings with 167,000 square feet (160,000 residential and 7,000 club house), and using the reports numbers, you can see the difference in the cost of this particular property. * New property at $92 per square foot: $15,364,000 * Converted property at $37 per square foot: $6,179,000 Since the Days Inn was already in place, most of the utilities and services were already connected and very little demolition was needed. These types of adaptive reuse projects ultimately reduce the amount of new building materials that are needed and therefore that are produced. This 2017 research paper on adaptive reuse says that buildings’ contributions to greenhouse gas emissions also come from the energy needed to manufacture the various parts of the buildings. Construction consumes 60% of raw materials used in the U.S. economy annually, and razing a single two-story masonry building would actually negate the benefits of recycling 1.5 million aluminum cans. The EPA estimates that waste derived from new construction, demolition and renovation accounts for 160 million tons of solid waste each year in the U.S., about one-third of the country’s total waste. Other Case Studies Eric Silverman is the managing partner at Eastham Capital and he pays particular attention to the unit mix—the number and size of the units. “We are buying a property in Maryland in an office park that is only 93 units, but the units are all two bedrooms,” Silverman said. “The property is super convenient for local jobs.” Silverman adds that hotels will always have enough amenities, but they may have too many. Years ago, he published a white paper that shows that the variety of services that a hotel provides, from food and beverages to housekeeping and 24-hour maintenance, can easily outpace the value of the income from reservations—another contribution to hotels’ demise during the pandemic. Andrew Gordon, director at Eastham Capital, says the firm is converting 103 hotel suites in Jacksonville, Florida to 103 housing units. The group saw this as an ideal property to convert because all the hotel rooms had an outdoor space that either went to a patio or balcony. Gordon said that the biggest challenge was converting the zoning from hotel use to apartments, which took nine months. And, structurally, while they decided to make the units all-inclusive with internet and utilities so the metering didn’t need to be changed, it was still critical to update the plumbing and electric. Even though some of the updates were expensive, the conversion of the project meant more affordable housing added to local supply. The new project offers an all-in unit lease for about 10% or 15% less than other apartments in the same area, Gordon said. Eastham is interested in another suites conversion in Florida, but is currently evaluating the numbers after addressing some of the challenges such as impact window issues and fire separation. Brent Schipper is the principal at ASK Studio, an architecture firm based in Des Moines, Iowa, a firm that recently converted a small local high school into 16 affordable multifamily units. The school, built in 1888 in Clinton, Iowa, is 130 years old and Schipper expects that, after the remodel, it will last at least another 100 years. ASK Studio also converted a bank into 38 units and broke it down into its energy savings. The Brenton Bank envelope and concrete structure embodies about 4.82 gigajoules per square meter. Parts of the building that were retained, such as the envelope, structure and site construction, accounted for 63% of the original embodied energy. Those elements, plus some of the retained interior walls, mean that the total salvaged embodied energy is about 70%. The amount of embodied energy saved equals 600 tons of coal or enough energy to power a single family home for 435 years. Schipper believes that this one building is important, but his firm is working to provide many more successful examples that can lead other developers down the same path. Challenges As the Eastham project exemplified, zoning can be a big challenge. Rubin also has experienced that and points out that in the markets with the biggest need for affordable housing, there is the most red tape, like in Los Angeles. “In terms of MEP and fire regulations, you are inheriting a space that is, for all intents and purposes, residential,” Rubin said. “The wall structure, windows, egress, are all part of whatever square box one is purchasing. Sometimes, you are lucky that it is built solidly and that they have the fire safety and they have sprinkling. Sometimes, it might be more like a commercial office conversion than a housing opportunity.” Meghna Krishna Bondili, the founder of real estate development consulting firm Butterfly Voyage, agrees that hotels, whether boutique or large-scale, are almost fully-baked residential offerings. She writes that hotels are designed as spaces to live in; have a service-first mindset in place; and typically, are in located in desirable areas. Rubin also points out the importance of the unit mix, that drives market tolerance and available comps, which is influenced by how many rooms or modules can be converted into one unit. For instance, if the cost of one hotel room is $40,000 and it takes two rooms to make one rentable studio, then there is a new basis of $80,000. Rubin says that hands down, capital has been the biggest challenge for Repvblik so far. “In the last five years, I have heard 10,000 nos, and that’s being conservative,” he said. “We funded almost the first 95% in cash. We couldn’t find a local lender for a construction loan for contrarian business cases like ourselves, a little off center and that have a higher return. And now, it’s easier for us to be doing certain things, because we are one of very few that have a proof of concept. Now that people are chasing yield, companies like ours become more in vogue.” Future The American Hotel and Lodging Association reports that there are more than 55,900 hotel properties in the U.S., offering more than 5.3 million guestrooms. The recent pandemic has put many of them in danger. As many as 8,000 hotels might close by the end of September, according to the American Hotel and Lodging Association. The Wall Street Journal reports an even higher number, saying that in New York alone, as many as 25,000 hotels might permanently close because of the pandemic. If groups like ASK Studio and Repvblik can convert these to housing, it might be a generous contribution to fixing the housing supply issue. If each hotel had 100 rooms, that would be somewhere around 2,500,000 units, which would give the city more than eight times Mayor Bill de Blasio’s pledge to create and preserve 300,000 affordable homes by 2026. Repvblik is now working in many of the top MSAs in the country where there is demand for workforce housing and has 10 projects in process. Rubin says that the company hopes to produce 3,000 apartments in the next 18 months; and in the next 3 to 5 years, somewhere in the range of 20,000 units solely from hotel conversions. His plan holds a lot of promise for the future of affordable housing and for the future of the planet. Golden Ticket To The Housing Crisis! The inspiration for today’s edition came from this original article: https://www.forbes.com/sites/jennifercastenson/2020/08/12/vacant-real-estate-is-the-golden-ticket-to-the-housing-crisis/ If you are seriously considering moving right now you need to take action right now and talk to a reputable Real Estate & Mortgage Broker today, please call 281-222-0433 or visit: https://www.zillow.com/lender-profile/BillRappMortgageViking https://www.blink.mortgage/app/signup/p/nexamortgageh/MortgageViking?campaign=MortgageViking http://BillRapp.joinnexa.com http://www.homesforheroes.com/affiliate/bill-rapp-1 https://www.billrapponline.com/ https://twitter.com/BillRappRE https://mortgageviking.billrapponline.com https://highcostarea.billrapponline.com https://commercial.billrapponline.com https://doctorvideo.billrapponline.com https://sba.billrapponline.com/ https://veteransvideo.billrapponline.com https://fha203h.billrapponline.com https://privatemoney.billrapponline.com https://rei-investor.billrapponline.com https://manufacturedhousing.billrapponline.com https://www.houstonrealestatebrokerage.com/ https://www.youtube.com/channel/UCsF3Rh4Akd1OAOAgTmzgqQg Read the full article
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